Answer:
D. $55,000
Explanation:
Sales = 250,000
Gross Profit = 250,000 x 40% = 100,000
Cost of goods sold = 250,000 - 100,000 = 150,000
Cost of good sold = Opening Inventory + Purchases - Closing Inventory
150,000 = 35,000 + 200,000 - Closing Inventory
150,000 = 235,000 - Closing Inventory
Closing Inventory = 235,000 - 150,000
Closing Inventory = 85,000
Inventory damaged by flood = 85,000 - 30,000 = 55,000
Answer:
The amount of taxes that Tim can deduct as an itemized deduction is $7,340
Explanation:
The computation of the itemized deduction is shown below:
= State income tax for the previous year + state income tax from his salary + estimated payments of state income tax
= $1,100 + $5,050 + $1,190
= $7,340
The other item values which are mentioned in the question are not considered and not affect the deductions for current year So, we do not take in the computation part. Hence, ignored it
<span>Local Publics is the marketing micro environment that Rondoll Mart used here for having the advantage by providing the service of free meals to those who faced loss in the Hurricane. The interactions done here with the local civilians form a strong base of marketing for the mart.</span>
Answer:
This is a stock split.
Explanation:
This statement describes a stock split. It occurs when a company's board of directors decide to increase the number of company shares but still maintain the same total value of equity. An example would be a 2-1 stock split which means that every investor holding one share of the company would now hold 2 shares . One reason why a stock split occurs is when the stock price is perceived to be too expensive hence necessary to lower the price so other investors can buy it.
